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2022-12-31-accounts

Page
Report ofthe Trustees 1 to 8
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Cash Fiow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 23
Detailed Statement ofFinancial Activities 24 to 25

OBJECTIVES AND ACTIVITIES
Significant activities
The Church
allows
the Annexe
building
to be used as a polling
station
in		 local/general elections and as an
emergency
facility for a neighbouring		 school. Other Churches, organisations and individuals occasionally made
use of Church
facilities
by arrangement		 when
there		 was availability
and		 where those activities were in line with
the Church constitution.
The sick, needy and dying (members and non-members)
are		 supported and practical
help.		 These may be visits
to private homes, care homes, hospices or hospitals.
Weddings
and funerals
are conducted		 on the Church premises (members and non-members).
The Church
raises
funds
for the
relief of suffering		 in parts of the world
that experience		 great hardship, for
example
through
natural disasters.
A part-time
worker supports
Iranian
asylum seekers and translates
the sermons		 into Farsi each Sunday.
The Church
employs
a full-time
worker		 to lead the International Student Work, support
the		 young people's work
and provide pastoral care for young
men.
The Church
also employs
a full-time		 Women's
Worker
to engage
in		 care and
discipleship		 work as well as
evangelism
among women ofall ages.

(Ref erenced to the two main objects (a) and (b)ofthe charity) erenced to the two main objects (a) and (b)ofthe charity)
The Church
met for worship
throughout
the year, twice on Sunday
and throughout
the week for prayer,		 Sible study and
activities for young and old. (a)
The Pastor preached
on the majority of Sundays;
the Pastor did not preach for us on the last Sunday of each
month.
Our Assistant
Pastor, Andy Christofides
preached
on 10occasions. Our trainee pastor,
Nathan
Munday,
preached
on 4 Sundays.
Visiting
preachers
throughout
the year were
(in order of preaching)
Teify Ebenezer
(Brynmawr),
Adrian Brake (Carmarthen),
John Orchard
(Bridgend),
David Jones (Merthyr		 Tydfiil), Clive Bowsher
(Union),
Eryl Davies (Church Elder) and Hywel George (Maesycwmmer).
(a)
Recordings
ofsermons
and Bible studies were provided
through
the website (downloads).		 (a)
Simultaneous
translation
in the Sunday services is provided
in the Farsi language.
(a)
Financially,
the Church
was able to meet all its commitments
during 2022 through
the continued
support		 of its members.
(a)
The Church
continued
to provide financial
support for the Heath Christian
Bookshop Trust. (a)
The Church
owns 122 Whitchurch
Road (known as "one2two") which
is used as a Christian
Bookshop
and
Coffee
Shop.
Additional
rooms
on
the
first
floor
are
used
as
an
office
and		 a
lounge		 for
church
meetings/activities.
One2two
is a ministry ofthe Church
in the community.
(a) (b)
The Church
runs the coffee shop
in one2two
and employs a coffee shop manager
and		 supervisors.
A coffee
shop committee
is appointed
to plan, monitor,
review, and report to Church
Council. Volunteers
along with paid
staff serve and help with the day to day operations
ofthe coffee shop. (b)
Financial,
spiritual
and moral support was provided
for members
serving across the world		 in Africa, Europe and
Asia. The Church
continued
to support
the work of one of its missionaries
involved
in helping
to run homes for
men and women
with
physical
and/or
learning
disabilities
in Moldova,
expanding
this		 work
into		 a 5th home
during
this year. Other missionaries
were supported
financially
in their primary
task of		 preaching the Gospel.
We also
provided
help
in
related
work
including
support
for: Lampeter
Evangelical		 Church, Mount
Elim
Evangelical
Church,
Hope for the Valleys,
Eglwys
Efengylaidd
Ardduwy,
Wales Leadership
Forum, Casa Mea,
Romanian
Ministries
Emanuel
Hospice, work
in Nepal, Arab Media Centre project
in France and disbursement
of the funds
raised for the India covid appeal. The Church
has provided
the manse as		 accommodation
for a
Ukrainian
family of six. (a) (b)
Special
collections
were
made
for Ukraine,
Afghanistan,
vitamins
for Holocaust
survivors
(Israel), and
at
Christmas
for hardship
relief in Haiti and Eastern Europe. (b)
The
Church
continued
to administer
a fund
for the
relief of financial
hardship
experienced		 by individual
members
and non-members.
(b)
The Church
continued
to employ an administrative
assistant
to enable the Church office		 to be open for 5 hours
4 days per week and to help with the efficient running
ofthe Church. (a)(b)
A weekly
coffee
morning
is
run
to foster
fellowship
and
counter
loneliness
for seniors
within
the
local
community.
(a) (b)
The Church
continued
to edit and publish a bi-monthly
magazine
for distribution
(both electronically		 and in print)
to members
and other interested
parties. (until October) (a)
The Church website continued
to be a useful tool for providing
information
worldwide
and		 welcoming e-mail
contact from website visitors. (a)
Hospitality
was provided
to those in need. (b)
A Warm Bank was held for one day each week (from October onwards)
(b)
Regular outreach to residential
care establishments
included
Bethel House, Lakeside and		 Ty Coch residential
homes. (a)

2022 2021
Unrestricted Restricted Total Total
Notes funds
f.		 funds funds
E		 fundsf
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 404,989 156,686 561,675 607,530
Charitable
activities
The promotion of Christianity 30,656 30,656 261
Coffee shop 57,776 57,776 24,411
investment
income		 681 681 36
Other income 600 600 89
Total 494,702 156,686 651,388 632,327
EXPENDITURE ON
Charitable
activities
The promotion of Christianity 403,866 181,060 584,926 492,381
Coffee shop 79,614 79,614 58,865
Total 483,480 181,060 664,540 551,246
NET INCOME/(EXPENDITURE) 11,222 (24,374) (13,152) 81,081
RECONCILIATION
OF FUNDS
Total funds brought
forward		 2,259,303 53,104 2,312,407 2,231,326
TOTAL FUNDS CARRIED FORWARD 2,270,525 28,730 2,299,255 2,312,407

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes F E
FIXEDASSETS
Tangible assets 12 1,848,313 1,848,313 1,849,504
CURRENT ASSETS
Debtors 13 5,924 1,891 7,815 15,508
Cash at bank and in hand 424,866 26,839 451,705 455,885
430,790 28,730 459,520 471,393
CREDITORS
Amounts
falling due within one year		 14 (8,578) (8,578) (8,490)
NET CURRENT ASSETS 422,212 28,730 450,942 462,903
TOTAL ASSETS LESSCURRENT LIABILITIES 2,270,525 28,730 2,299,255 2,312,407
NET ASSETS 2,270,525 28,?30 2,299,255 2,312.407
FUNDS 16
Unrestricted
funds		 2,270,525 2,259,303
Restricted
funds		 28,730 53,104
TOTAL FUNDS 2,299,255 2,3124137

2022 2021
Notes F
Cash flows from operating
activities
Cash generated
from operations		 1 ~1,473) 92,023
Net cash (used in)/provided by operating activities ~1.473) 92,023
Cash flows from investing activities
Purchase oftangible
fixed assets		 (3,388) (9,459)
Interest received 681 36
Net cash used
in investing		 activities ~2707), ~9,423)
Change
in cash and cash		 equivalents in
the reporting
period		 (4,180) 82,600
Cash and cash equivalents at the
beginning
ofthe reporting		 period 455,885 373,285
Cash and cash equivalents at the end of
the reporting
period		 451,705 455,885
RECONCILIATION
OF NET (EXPENDITURE)/INCOME		 RECONCILIATION
OF NET (EXPENDITURE)/INCOME		 RECONCILIATION
OF NET (EXPENDITURE)/INCOME		 TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2022 2021
F
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments
for:		 {13,152) 81,081
Depreciation
charges		 4,579 3,412
Interest received
Decrease
in debtors		 (681)
7,693		 (36)
4,271
Increase
in creditors		 88 3,295
Net cash (used in)/provided by operations ~1.473) 92,023
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/1/22 Cash fiow At 31/12/22
E E E
Net cash
Cash at bank and in hand 455,885 ~4, 180) 451,705
455,885 ~4,180) 451,705
Total 455,885 ~4,180) 451,705

DONATIONS AND AND LEGACIES LEGACIES LEGACIES
2022
f.		 2021f
Grants 5,667
Offerings, covenants, gift aid 8 other donations 300,260 314,515
Missionary
account		 147,905 181,336
Welsh Government - Homes for Ukraine Scheme 3,150
Legacies 110,360 106,012
561,675 607,530
Grants received, included in the above, are as follows:
2022f 2021f
Coronavirus
Job		 Retention Scheme 5,667
INVESTMENT INCOME
2022 2021f
Deposit account interest 681 36
INCOME FROM CHARITABLE ACTIVITIES
Activity 2022f 2021f
Camps income The promotion of Christianity 29,810 261
House party fees The promotion of Christianity 846
Coffee shop income Coffee shop 57,776 24,411
88,432 24,672
CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7)
f		 note 8) Totalsf
The promotion of Christianity 558,310 26,616 584,926
Coffee shop 79,614 79,614
637,924 26,616 664,540

DIRECT CO STS OF CH AR ITABL E ACTIVITIES
2022 2021
E
Staff costs 176,071 136,755
Staff expenses 2,231 404
Insurance,
fire and security		 9,321 10,010
Missionary
support		 194,896 205,220
Telephone 775 956
Sundries 7,068 5,633
Support to Heath Christian Bookshop Trust 9,063 10,188
Discretionary grant payments 31,801 35,916
Heat, light 8 water rates 16,035 16,099
Repairs and maintenance 47,923 27,581
Sunday school and youth work 3,936 516
Gospel Support Wales 8,000 1,750
Minib uses 768 741
Pulpit supply 1,750 3,850
House party costs 395
Heath camps 35,218 1,442
House party expenditure 275
Catering
and		 hospitality 5,374 1,401
Magazine costs 2,818 2,675
Coffee shop direct costs 28,553 15,904
Coffee shop salaries and wages 38,466 35,660
Coffee shop social security 2,497 2,115
Coffee shop pensions 1,743 1,398
Coffee shop heat light 8 water 7,702 2,943
Media outreach 1,061 3,301
Depreciation 4,579 3,412
637,924 526,265
Within direct costs are grants payable ofF31,801.This includes:
No. F
Grants payable to individuals 14 17,305
Grants payable to institutions 8 14,496
Charitable
Objective Description Individualsf Institutions' Totalf
b Hardship
relief		 UK 4,888 4,888
a Theological training 1,120 1,120
a Evangelical churches + AECW 14,496 14,496
a Evangelistic activities 8,897 8,897
a8b Support for former pastors 2,400 2,400
17,305 14,496 31,801
Organisation Purpose
Heath Christian
Bookshop		 Sale of Christian
Books		 9,063
Mount
Elim Evangelical		 Church Churches representation 5,000
Lampeter
Evangelical		 Church Churches representation 5,000
AECW Churches representation 1,000
EMW Churches representation 1,000
Union Foundation Churches representation 1,000
Christian
Institute		 Churches representation 1,000

2022 2021
E
K Batstone for pastoral work 7,722 7,080
A W Hughes as pastor 42,245 34,328
L Chorbadjian for pastoral work 27,105 26,112
A Christofides for pastoral work 30,454

STAFF COSTS
2022 2021
E
Wages and salaries 212,001 173,692
Social security costs 12,075 7,232
Pension costs 8,882 7,011
232,958 187,935

11. PREVIOUS YEAR PREVIOUS YEAR COMPARATIVES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
E f
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 403,663 203,867 607,530
Charitable
activities
The promotion of Christianity 261 261
Coffee shop 24,411 24,411
Investment
income		 36 36
Other income 89 89
Total 428,460 203,867 632,327
EXPENDITURE ON
Charitable
activities
The promotion of Christianity 291,670 200,711 492,381
Coffee shop 58,865 58,865
Total 350,535 200,711 551,246
NET INCOME 77,925 3,156 81,081
RECONCILIATION OF FUNDS
Total funds
brought		 forward 2,181,378 49,948 2231 326
TOTAL FUNDS CARRIED FORWARD 2,259,303 53,104 2,312,407
12. TANGIBLE FIXEDASSETS
Church,
hall 8 Fixtures,
annexe fittings
buildings Manse 8 contents
F
COST
At 1 January 2022 1,486,753 350,000 80,728
Additions
Disposals		 1,330
~51.753)
At 31 December 2022 1,486,753 350,000 30,305
DEPRECIATION
At 1 January 2022 79,771
Charge for year
Eliminated
on disposal		 650
~51,753)
At 31 December 2022 28,668
NET BOOK VALUE
At 31 December 2022 1,486,753 350,000 1,637
At 31 December 2021 1,486,753 350,000 957

Net Transfers
movement between At
At 1/1/22 in funds funds 31/12/22
E E
Unrestricted
funds
General
fund		 319,015 77,240 (23,380) 372,875
Missionary
fund		 - designated (19,992) 19,992
Legacy fund 90,012 (41,147) 48,865
Gospel Support Wales
Fixed Asset Fund		 772
1,849,504		 (300)
~4,5?9)		 3,388 472
1,848,313
2,259,303 11,222 2,270,525
Restricted funds
Missionary
fund		 53,104 (24,374) 28,730
TOTAL FUNDS 2,312,407 ~13,152) 2,299,255
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
F E F
Unrestricted
funds
General
fund		 494,502 (417,262) 77,240
Missionary
fund		 - designated (19,992) (19,992)
Legacy fund (41,147) (41,147)
Gospel Support Wales
Fixed Asset Fund		 200 (500)
~4,579)		 (300)
~4,579)
494,702 (483,480) 11,222
Restricted funds
Missionary
fund
Coffee shop fund		 153,048
3,638		 (177,422)
~3.638)		 (24,374)
156,686 ~181,060) $24,374)
TOTAL FUNDS 651,388 )664,564400) ~13,152)

Comparatives
for movement
in funds
Net Transfers
movement between At
At 1/1/21
E		 in funds
f		 funds 31/12/21
Unrestricted
funds
General fund 335,399 13,067 (29,451) 319,015
Missionary
fund - designated		 (19,992) 19,992
Gospel Support Wales 2,522 (1,750) 772
Fixed Asset Fund 1,843,457 (3,412) 9,459 1,849,504
Legacy fund 90,012 90,012
2,181,378 77,925 2,259,303
Restricted funds
Missionary
fund		 49,948 3,156 53,104
TOTAL FUNDS 2,231,326 81,081 2,312,407

2022 2021
E
INCOME AND ENDOWMENTS
Donations
and legacies
Grants 5,667
Offerings,
covenants,		 gift aid &other donations 300,260 314,515
Missionary
account		 147,905 181,336
Welsh Government
-		 Homes for Ukraine Scheme 3,150
Legacies 110,360 106,012
561,675 607,530
Investment
income
Deposit account interest 681 36
Charitable
activities
Camps income 29,810 261
Coffee shop income 57,776 24,411
House party fees 846
88,432 24,672
Other income
Miscellaneous
income		 600 89
Total incoming
resources		 651,388 632,327
EXPENDITURE
Charitable
activities
Wages 160,015 126,643
Social security 8,917 4,691
Pensions 7,139 5,421
Staff expenses 2,231 404
Insurance,
fire and security		 9,321 10,010
Missionary
support		 194,896 205,220
Telephone 775 956
Sundries 7,068 5,633
Support to Heath Christian Bookshop Trust 9,063 10,188
Discretionary
grant payments		 31,801 35,916
Heat, light 8 water rates 16,035 16,099
Repairs and maintenance 47,923 27,581
Sunday school and youth work 3,936 516
Gospel Support Wales 8,000 1,750
Minibuses 768 741
Pulpit supply 1,750 3,850
House party costs 395
Heath camps 35,218 1,442
House party expenditure 275
Catering
and hospitality		 5,374 1,401
Magazine costs 2,818 2,675
Coffee shop direct costs 28,553 15,904
Coffee shop salaries and wages 38,466 35,660
Coffee shop social security 2,497 2,115
Coffee shop pensions 1,743 1,398
Carried forward 624,582 516,609

2022 2021
Charitable
activities
Brought forward 624,582 516,609
Coffee shop heat light 8 water 7,702 2,943
Media outreach 1,061 3,301
Fixtures and fittings depreciation 650 670
Motor vehicle depreciation 326 435
Equipment
depreciation		 3,603 2,307
637,924 526,265
Support costs
Staff costs
Wages 13,520 11,389
Social security 661 426
Pensions 192
14,181 12,007
Other
Advertising 834 1,435
Heat, light 8 water rates 177 176
Insurance,
tire and security		 888 1,112
Repairs and maintenance 1,047 708
Postage and stationery 2,783 2,858
Flowers and wreaths 780 517
Legal and professional fees 969 1,547
Bank charges 1,177 1,201
8,655 9,554
Governance
costs
Independent
examination		 fees 3,780 3,420
Total resources expended 664,540 551,246
Net (expenditure)/income ~13,152) 8$,081